Florida Single Family Homes October 2016 Market Detail

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Florida Single Family Homes October 2016 Market Detail

The Florida Single Family Homes Market Detail for October 2016 showed weaker sales activity from last year.  Closed sales were down by 5.3% (was down by 0.5% in September) and new sales under contract (new pending sales) were down by 7.1% (was down by 4.8% in September).

Both the median and average sales prices, though, continue to rise from October 2015 to October 2016.  Up by 11.7% and 6.4% respectively, compared to September’s 11.3% and 6.8%.  I continue to predict the rate of price increases to moderate in the near future if sales continue to slow and  this should also result in a rise of inventory.

The inventory of available homes for sale fell by 3.2% from last year.  For October there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (October of 2015 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Single Family Homes October 2016 Market Detail

Click here to view or download the full report:

Florida Single Family Homes October 2016 Market Detail

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Single Family Homes October 2016 Market Detail

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Market Reports
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Rainmaker
984,725
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

another excellent report to show off to the buyers and sellers in the local area!

Dec 05, 2016 01:55 PM #1
Rainmaker
1,727,112
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Great info Gabe Sanders  ......Hope you have a great week!

Dec 05, 2016 02:29 PM #2
Rainmaker
1,347,205
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Great market report Gabe as always your reports show the knowledge you have about your area!

Dec 05, 2016 05:11 PM #3
Rainmaker
4,394,404
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

Dec 05, 2016 05:13 PM #4
Rainmaker
1,336,836
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Gabe Sanders, I get at least two calls a month from those who are looking to move to "Florida". No idea where in FL but they know it's the Sunshine State, this report would be perfect for these potential buyers.

Dec 05, 2016 05:59 PM #5
Rainmaker
3,817,332
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your  local housing market

Dec 06, 2016 04:27 AM #6
Rainmaker
4,044,078
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my web site at: http://www.gabesanders.com/market-stats

Jan 05, 2017 09:39 AM #7
Rainmaker
4,044,078
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Your comments are always appreciated!

Jan 05, 2017 09:39 AM #8
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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